EU scrap price indexes rise in Nov from Oct level

Local scrap prices in the European Union (EU) in November this year increased by 4.23-5.36 percent compared to the previous month, according to indexes issued by the European Steel Association (EUROFER).

Meanwhile, decreases in the range of 4.47-5.24 percent were recorded on year-on-year basis, smaller than the year-on-year decreases seen in the first half of the current year.

EU scrap price indexes: November 2013

Quality

Value

Variation m-o-m (%)

Variation y-o-y (%)

Demolition scrap (E3)

278

+4.51

-4.47

New arisings (E2/E8/E6)

271

+4.23

-5.24

Shredded (E40)

275

+5.36

-5.17

In the first 11 months this year, declines in the range of 9.28-9.31 percent were observed for demolition scrap and new arisings, while the shredded scrap price index decreased by 16 percent, year on year.